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First-Time Buyers Get Council Boost


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Despite my anger at this, I am actually partly pleased! The longer house prices are propped up, the longer I have to get experience at work and save.... and if they're still about the same in 2 years' time then I really will be of to another country to work! Some of you guys have been waiting even longer than me, in some cases a decade or more. Are you really going to wait ANOTHER couple years? It just keeps getting prolonged.

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This is Mubarak style redistribution of wealth.

Make 80 low paid workers redundant and use the money saved as a gift to 40 property owners so they can increase the profits on the sale of their assets.

How does this not cause rioting?

The sooner the country goes completely bankrupt the better. Against all my better instincts I find myself welcoming today's rise in unemployment.

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This is Mubarak style redistribution of wealth.

Make 80 low paid workers redundant and use the money saved as a gift to 40 property owners so they can increase the profits on the sale of their assets.

How does this not cause rioting?

The sooner the country goes completely bankrupt the better. Against all my better instincts I find myself welcoming today's rise in unemployment.

+1 good post. Do you live in Germany?

Ha, check the article out (DM article) - one comment from a couple saying that since now prices are falling, it's the best time to buy. They probably got this soundbite from somebody else. Best time to buy is near the bottom, dimwits!

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The sooner the country goes completely bankrupt the better. Against all my better instincts I find myself welcoming today's rise in unemployment.

yes, it's got to that point with me too. Every time i hear of a firm going under or any economic bad news i welcome it. Total economic armageddon seems a necessary step. What a state of affairs.

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yes, it's got to that point with me too. Every time i hear of a firm going under or any economic bad news i welcome it. Total economic armageddon seems a necessary step. What a state of affairs.

Me too. I've come to realise that there will be no meaningful adjustment or rebalancing unless/until it is utterly forced.

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Malice or incompetence, do the people running the show have a clue? Those that 'never saw the obvious coming' are still in positions of power, still messing things up.

They are still spending money the haven't got, still fighting fights they cannot win. Still deceiving people.

It won't be pretty but a melt down (reset) would actually be a positive thing, but only if we rid ourselves of the parasitic ruling class.

It seems to be that Australia aside, many economies have had or are having their property crashes, we are hanging on, still propping things up. It means that when things turn around and there is a need to be competitive globally, we will still be weighed down by an unsustainable cost of living thank to overpriced shelter and high general taxes and stealth taxes to pay for the mess (debt that can never be repaid).

Edited by tinker
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Councils taking over from the bank of mum 'n dad.

Looks like a full state takeover of the family - child benefits, child tax credits, housing benefit, state subsidised creches, state schools, and now state mortgage deposits.

That's the Common Purpose ideology at work, isn't it?

BTW, Cameron calls it the Big Society, but ultimately it's just another term for NWO Fascism.

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My local councillor denies knowing anything about this and claims the council budget has been drawn without any provision for it so it won't be happening with local money at least until after next April. He's going to ask around about it and get back to me ASAP as i need enough notice for planning Greek style public disobedience events before they make a decision. :ph34r:

The only other possibility is this is central government money being authorised locally, is this definitely not the case?

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Has there been any information on who would qualify for this? Age restriction? Salary restriction? British Citizen? Only particular new build developments or general any property? etc. etc.

I haven't seen any info on criteria anywhere, even heard Schapps on the radio earlier and it seemed all flannel with no detail

Wny only Lloyds?

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Question. Do you want overseas investors coming in and paying a high price for their property, or buying double the amount of UK property if house prices have crashed in half?

prove that happened in a significant way in 1995, so that it somehow negatively impacted on UK buyers to the extent that we'd have been better off with higher prices :rolleyes:

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We should organise a protest against this disgraceful policy.

Have you phoned your local councillor? Seriously, just ring and ask for assurance that your council won't be taking part. See what their position is and if they are for it tell them you will fight it. Just register your vote on the issue or they'll assume you're ok with it.

Edited by athom
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The goverment has to appear to do something to get votes, all these schemes are designed to attract headlines but will actually help only few of handfuls. It seems things have now reached a boiling point and HPC fuelled by unemployment is not far B)

Erm, this has nothing to do with the Government. Of the 5 councils participating 3 are Labour and 2 are "no overall control" with large Labour representation. As usual, it is socialists endebting working people in the name of fairness. "Here, have a bit of crack - the first one's free, just to help you out".

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